Take control of your financial destiny
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Transcript of Take control of your financial destiny
www.shubhaganesh.com ,www.moneyshiksha.in
Women’s financial needs are different By Shubha Ganesh
Founder Moneyshiksha
Bangalore
www.shubhaganesh.com
Women’s financial needs are different from men
Surprised? But it is true While the general principles of
financial planning are universal, Women face unique challenges that
amount to different financial needs
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We live longer • An average Indian woman lived three years
more than her male counterpart according to 2009 data
• While a woman lived for 66 years, the Life Expectancy of an Indian man stood at 63 years.
• Women live longer than men so they need 10-15% more for retirement
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We earn less • The World Economic Forum report reveals a
shocking disparity between the wage structure of men and women in Corporate India
• The average annual income of employee in the India’s corporate sector is – a woman in India is US$ 1,185 – A Man in India is US$ 3,698
• On an average women earn a third only 33% of a man earns in India!!!!
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– Income is only a third
– Life expectancy higher by three years
– Have to save more from lower earnings!!!
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Older we get more dependent we are
• Almost 1 in 4 women are broke within two months of a husband passing away
• They are dependent on their children for all needs
• 53% of women are not covered by a pension compared to only 22% of men
• A staggering 87% of the poverty stricken elderly are women
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The statistics are startling—but we are not taking charge….
But do we understand the seriousness of the issue?
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No, because….. Recent all India survey involving nearly 4,800 women
investors
The survey was conducted among women between 21 and 60, 35 being the average age
It was carried out in five metros —nine other large cities across India. Of the total number of women surveyed, around 1,550 were working and 3,200 did not have a job
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Less than one in five single working women, excluding those divorced and widowed, take their own investment decisions
Less than 19% of single working women take their own decisions
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Why is it so?
Are we incapable?
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We are capable
We buy every thing for the house
We can run our business
We are very good at our jobs
We radiate authority on daily basis
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But….. We depend on others for financial
decisions
Despite handling responsibilities at workplace, we depend on
parents
family members
friends and
financial advisers when it comes to taking a call on money matters such as where and how much to invest
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Our Workshops • Moneywise –Financial Planning for
Women
• Right Mutual fund Higher Returns
• Stock Selection for Wealth Creation
• Selecting Right Insurance for self protection
• Planning for your retirement
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Thank You
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